Diving Tourism Market is Projected to Increase at US$ 5,281 Mn by 2032 | FMI

The global diving tourism market  to reach a valuation of US$ 2,940 Mn in 2022. Overall sales are projected to increase at a 6.0% CAGR, surpassing US$ 5,281 Mn by 2032.

Water adventure tourism, often known as water-based tourism, is becoming increasingly popular across the globe. Technological developments and advancements in water sports equipment have a greater impact on individual safety, resulting in increasing involvement in water sports, broadening the scope of water adventure sports, and so benefiting the water adventure tourist sector.

Skilled professionals and instructors are on hand to assist and guide tourists, as well as teach knowledge and technical know-how on how to safely utilize underwater equipment (scuba diving and deep-sea diving).

The water adventure tourism industry has been able to reach out to individuals all around the world thanks to increased social media and advertising. Around 10-15% of international and 6-8 percent of domestic recreational dive & snorkelling visitors participate in dive training courses. One of the primary factors driving the industry is the availability of courses ranging from a basic introductory course to highly specialised advanced courses.

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Consumers are increasingly interested in unique experiences such as wreck dives, cod holes, and minke whales, hence the feature dive sub-sector of the business is gaining traction. Smaller operators are more likely to provide these specialty dives, which are often only available for a limited time.

In addition, the companies are focusing on forming relationships with domestic tour operators in order to develop their business and obtain a competitive advantage.

Key Takeaways:

  • Based on diver type, the active diver segment is predicted to account for a dominant share of 45% in the market through 2032.
  • In terms of consumer orientation, the men segment held 60% of the total market share in 2021, and the trend is expected to continue over the forecast period.
  • By booking channel, the online booking segment is anticipated to hold a noteworthy share of 48%.
  • In terms of age group, demand in the 26-35 segment will continue gaining traction through 2032.
  • Demand in the South Asia diving tourism market will grow at 8.3% CAGR owing to increasing influx of diving tourists in Philippines.
  • Based on tour type, sales in the group tour segment will remain high over the forecast period.
  • The U.S. will emerge as a lucrative market in North America diving tourism market, registering 5.6% CAGR during the forecast period.

Impact of COVID-19 on the Diving Tourism Market

The desire for diving tourism has been decreased as a result of global shutdown restrictions. According to the United Nations World Tourism Organization, international tourist visits (overnight visitors) decreased by 70% from January to August 2020, compared to the previous year (UNWTO).

Dive facilities in cities witnessed a drop in retail sales as well as earnings from dive trips and classes for divers. Dive shops on the islands have lost over half of their trading season, which spans from March to October.

However, with resumption of diving and training programmes, the number of divers and dive students are predicted to increase. This is expected to propel the growth in the market over the forecast period.

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Who is winning?

Leading manufacturers of diving tourism are focusing on smart promotional strategies, advertisements, and new diving destinations to improve sales in the market.

Major players present in the diving tourism market are The Natural Travel Collection Ltd, PADI Travel, Dive The World, Fly & Sea Dive Adventures, World Dive and Sail International, Ultimate Dive Travel, Hidden Depths Dive Tours, Project Expedition, Scuba Travel, Bluewater Travel, Entrada Travel Group, Island Expeditions Company Limited, Pro Dive Cairns, Dive Adventures, Liveaboard Adventures, National Geographic Expeditions, Deep Blue Adventures, Caradonna Adventures, Advanced Diver Mexico, Asia Diving Vacation among others.

Global Diving Tourism Market by Category

By Diving Type:

  • Drift Diving
  • Deep Diving
  • Wreck Diving
  • Others

By Diver Type:

  • New Diver
  • Casual Diver
  • Active Diver
  • Professional Diver

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

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Bleisure Tourism Market is Estimated to Reach at a US$ 2,967.1 Bn by 2032 | FMI

The bleisure tourism market  is projected to reach nearly US$ 497.5 Bn in 2022. With demand increasing at a stupendous 19.5% CAGR, the market valuation will total US$ 2,967.1 Bn by 2032. As per FMI, the bleisure tourism market accounts for 30%-35% of the global business travel market.

Employee engagement is a critical aspect in various organizations and leaders are looking for new ways to keep their employees happy and loyal to their company. One way to improve employee satisfaction is to improve corporate travel policies by including bleisure trips.

Furthermore, employees who use their vacation time to rest and recharge are more productive. According to a Forbes article, if employees took just one more day of paid leave each year, the U.S. economy would gain $73 billion in output, which will be beneficial for both employees and businesses. A bleisure trip can have a significant impact on employee morale and health, which in turn is encouraging companies to invest bleisure tourism.

Increased digitization of the tourism and corporate sectors, as well as increased adoption of the internet of things (IoT), which allows both travellers and travel operators to manage operations remotely, are predicted to boost market sales.

Besides this, the benefits offered by virtual reality (VR) technology, such as efficient and personalised customer experiences in the tourism sector will create opportunities for growth in the market.

Further, bleisure tourism market players are investing in various promotional activities such as direct marketing, sales, and discounts, offering free giveaways, hosting an event, and many other activities to promote their services.

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As most potential customers have an online presence, hotels and resorts are promoting their services on social media platforms to improve sales. For instance, Bermuda launched “Work from Bermuda,” a certificate programme that invites visitors to work remotely from a scenic location.

Moreover, business travellers take their families with them on business trips. Taking cues from this trend, a world-famous hotel in Scotland has launched a children’s programme that includes a playroom, a country club, and participation in sporting activities. Such development will create a conducive environment for the market.

 “A combination of work and leisure or personal activities contributes to a better work/life balance. Bleisure trips are offering opportunities for travellers to learn more about the location and its culture. This, in turn, is helping to improve the quality of work done while also allowing for the formation of more meaningful business relationships. ” says an FMI analyst.

Key Takeaways:

  • Based on application, the corporate segment will account for a dominant share in the market over the forecast period.
  • By trip type, demand in the domestic trip segment will remain high through 2032.
  • In terms of tour type, the independent travelers segment will expand at a considerable pace over the assessment period.
  • Based on consumer orientation, sales in the male segment will continue gaining momentum.
  • By occupation, bleisure tourism among technology/IT/software professionals will gain traction.
  • Based on trip length, the 2 nights segment will emerge as the most lucrative segment.
  • By travel frequency, demand in the once in every 2-3 months segment will continue rising.
  • In terms of booking channel, the online booking segment will lead the market in terms of market share.
  • The U.S. will continue dominating the north America bleisure tourism market owing to growing focus on employee retention across various organizations.
  • China will continue witnessing high demand, accounting for a dominant share in the East Asia bleisure tourism market.
  • Sales in India will gain momentum on the back of increasing investments in the travel and tourism sector.

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Impact of COVID-19 on the Market

The COVID-19 outbreak has negatively impacted the bleisure tourism market. Almost all major business tours and MICE events around the world were cancelled because of the pandemic. Furthermore, due to travel restrictions, the widespread adoption of online video conferencing platforms such as Zoom and Google Meet is expected to compete with players operating in the global bleisure tourism market in the future.

Many firms are using video conferencing systems to satisfy their meeting and conference demands, and it is also being used as a cost-cutting technique to avoid pricey business trip expenses. COVID-19 has thereby changed the competitive landscape of the global leisure tourism business, with long-term implications.

Who is winning?

The players operating in the global business travel industry have adopted various developmental strategies to expand their market share, exploit the business travel market opportunities, and increase profitability in the market. Major players present in the bleisure tourism market are Airbnb. Inc, American Express Travel, Expedia Inc., BCD Travel, Carlson Wagonlit Travel, Flight Centre Travel Group, The Priceline Group, Fareportal, Inc. (travelong inc.), Wexas Travel, Travel Leaders, The Global Work & Travel Co., JTB Business Travel, Prime Travels USA, GUNA Travel Germany, DER Touristik, CITS (China Business Travel & Fairs), China Tour Guide, Tuniu Corporation, FROSCH Travel and CT Business Travel

Global Bleisure Tourism Market by Category

By Application:

  • Corporate
  • Government

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Trip Type:

  • Domestic Trip
  • International Trip

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Educational Tourism Market is Predicted to Reach at a US$ 1,947.0 Bn by 2031 | FMI

The global educational tourism market size will surpass US$ 399.8 Bn in 2021. Between 2021 and 2031, the market is expected to exhibit compound annual growth rate (CAGR) of 17.2%.

Governments all across the globe have contributed to the modernization of the education system by creating smart learning initiatives and aligning education curricula with global teaching standards.

The as artificial intelligence (AI), machine learning, virtual reality (VR), augmented reality (AR), etc. has led to the adoption of more efficient methods of teaching and in turn delivering an enhanced quality of education.

Governments have adopted several initiatives to support the integration of technology into the education system. For example, the UAE has initiated an Innovation Hub by Oracle in Dubai, allowing students to pitch ideas for developing technological changes.

Meanwhile, the UAE government has allocated funds towards ICT development and establishment of 122 innovation libraries in schools with Arabic representation in technology in order to encourage and promote education among Arabic-speaking students.

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The main objective for integrating new technologies into the educational system is to enable students to adapt to the ever-evolving dynamics of various industries. Moreover, regional governments are focusing on creating an ecosystem led by innovation and a knowledge based economy.

Therefore, the adoption of these technologies into the education system remains a top priority for government authorities.

Key Takeaways from the Educational Tourism Market Study

  • India, the U.S., the U.K., France, and Japan among others are the most popular destinations for educational tourism.
  • The U.S., the U.K., China, and Australia among others are top-visited countries in the world for educational tourism and are becoming an education hub for international students.
  • In terms of course type, master degree will be the most preferred type among consumers, contributing over 71% of global market share
  • Students are the primary end-users, enabling the global educational tourism market growth and are expected to generate over 39% of revenue during the forecast period
  • Global travel companies are anticipating high growth in the educational tourism sector. Though nascent in certain areas of the world, many travel companies are conducting educational tours, thereby promoting the importance of education and contributing to the growth of the educational tourism sector.
  • The concept of informal learning is more appreciated than formal learning, i.e., “education with travel”. Further, the thirst for knowledge has also increased thereby encouraging people to travel across the globe to gain knowledge of different concepts and technologies that they had studied earlier.

“Given the ever-growing demand for higher education and to bring to the attention of the local authorities to the implementation of the national strategy for international cooperation, international student recruitment has become a priority.

Implementation of various policies and measures to help recruitment of a higher number of international students will therefore present highly lucrative growth opportunities for the market,” says an FMI analyst.

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Impact of Covid-19 & 2020 Market Analysis

Educational tourism has been one of the most affected industries from the very beginning of the outbreak of the coronavirus, with airlines on the ground, the suspension of outgoing and incoming flights, nationwide lockdowns, hotels closing and travel controls enforced.

In the FQ-20, the pandemic limited the arrival of international visitors to a fraction of what they were one year before. Countries all over the world imposed travel restrictions to limit the spread of the coronavirus, which broadly affected the overall tourism industry.

Additionally, The Director-General and CEO of IATA reported that financially, 2020 was the worst year in aviation history. On average, US$ 230.0 Mn has been added to business losses on each day of this year, contributing to a net loss of US$ 84.3 Bn dollars.

In 2020, with the extreme effects of the Covid-19 pandemic, in contrast to 2019 estimates, foreign tourism decreased by 22% in Q1 and by 65% in the first half of 2020, which directly impacted the educational tourism industry.

Who is Winning?

Players in educational tourism market adopts a virtual and online approach to connect with potential people. For instance, key players such as GVI Company, EF Educational Tours, and M.K.H Consultancy Services, among others provides virtual internship program and online classes. This approach helps the players to attract more customers.

Few key players in the educational tourism market are Meridean Overseas, GVI Company, Global Volunteers, Capital Tours, Inc., EF Educational Tours, Road Scholar, AAI Edutourz, ACIS Educational Tours, GoIreland, Qadri International Education Consultancy, Intelligent Partners, Futures Abroad, ProEd DMCC, Education Resources Network (ERN), Education Zone, Fact, IQ Education Consultants, M.K.H Consultancy Services, and Stratix Consultants among others.

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Medical Tourism Market Size is Likely to Register a Growth of 30.5% CAGR in 2032 | FMI

The global Medical Tourism market is expected to be valued at US$ 5.2 Billion in 2022.The medical tourism market Size is likely to register a growth of 30.5% CAGR during the assessment period of 2022 and 2032.Considering this, FMI has projected the market valuation to reach US$ 75 Billion by 2032.

An increasing number of medical tourism facilitators are using the internet to advertise services offered around the world. The transfer of healthcare services-related information via electronic mediums has become widespread. Consequently, the number of people accessing required information in healthcare has increased.

Cost savings and additional benefits to visitors such as enhanced healthcare, innovative technologies, breakthrough medicines, sophisticated devices, superior hospitality, and individualized care are some of the market’s prominent drivers, the overall demand for Medical Tourism is projected to grow at a CAGR of 30.5% between 2022 and 2032, totalling around US$ 75 Billion by 2032.

Medical tourism, while not a novel concept, has been gaining popularity on the internet as a healthcare option available to people around the world. From a marketing perspective, the internet offers a dynamic medium for healthcare service providers and operators to create awareness about various options for medical travel. The Internet can also play a crucial role in influencing a patient’s medical tourism decision.

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Key Takeaways from the Market Study

  • From 2017 to 2021, the market demand expanded at a CAGR of 28%
  • By Treatment type, Cancer Treatment to accumulate a market share of 42% in 2022
  • By booking channel, the online segment dominates the market with a share of 65%
  • S to emerge as a promising market, capturing nearly 2/5th of global market revenue in 2022
  • Malaysia to be an opportunistic market, expected to capture nearly 28% revenue
  • The United Kingdom is a significant contributor to the Medical Tourism market revenue landscape, accounting for over 25% of sales

A large population of foreigners seeks surgeries such as facial aesthetics procedures, dental implants, breast implants, facelifts, and liposuction in these countries. Improvements in healthcare infrastructure and the availability of high-quality healthcare services at affordable prices will drive the global market growth., remarks an FMI analyst.

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Key Segments Covered In The Medical Tourism Industry Analysis

Medical Tourism Market by Treatment Type:

  • Dental Treatment
  • Cosmetic Treatment
  • Cardiovascular Treatment
  • Orthopedic Treatment
  • Neurological Treatment
  • Cancer Treatment
  • Fertility Treatment
  • Other Treatments

Medical Tourism Market by Service Type:

  • Wellness Service
  • Therapeutic Service

Medical Tourism Market by Tourist Type:

  • Domestic
  • International

Medical Tourism Market by Tour Type:

  • Independent Traveller
  • Tour Group
  • Package Traveller

Medical Tourism Market by Customer Orientation:

  • Men
  • Women
  • Children

Medical Tourism Market by Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

Medical Tourism Market by Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

Medical Tourism Market by Region:

  • North America Medical Tourism Market
  • Latin America Medical Tourism Market
  • Europe Medical Tourism Market
  • East Asia Medical Tourism Market
  • South Asia Medical Tourism Market
  • Oceania Medical Tourism Market
  • Middle East & Africa Medical Tourism Market

Competitive Landscape

Players in the global Medical Tourism Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  • In October 2021, BC Platforms (BCP), a global leader in healthcare data management and analytics, announced an expanded partnership with Bumrungrad International Hospital (Bangkok, Thailand), one of the largest private hospitals in Southeast Asia and a world leader in healthcare delivery and pioneering clinical research.
  • In October 2020, The Indian Railway Catering and Tourism Corporation (IRCTC) partnered with Chennai-based Apollo Hospitals to offer hassle-free travel for people who travel for medical care. IRCTC is also looking to expand the service to neighbouring countries such as Sri Lanka and Bangladesh in collaboration with airline services and other travel facilitators in those countries.
  • In May 2021, Fortis Healthcare announced demerging its hospital business Fortis Hospitals into Manipal Hospitals and selling its 20% stake in diagnostics company SRL.

Know More about What the Medical Tourism Market Report Covers

Future Market Insights offers an unbiased analysis of the global medical tourism market, providing historical data for 2017-2021 and forecast statistics from 2022-2032.

To understand opportunities in the medical tourism market, the market is segmented on the basis of treatment type, service type, tourist type, tour type customer orientation, age group and booking channel across seven major regions of the world.

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Dimethylolpropionic Acid (DMPA) Market to display promising growth prospects through 2031

Dimethylolpropionic acid is a crystalline molecule that is gaining popularity due to its significant application in the manufacture of aqueous urethane dispersions, which are perfect for high gloss waterborne coating offers with exceptional flexibility and free-flow properties. Dimethylolpropionic acid is also utilized as a modifying agent in epoxy polyester compounds in powder coatings to improve flow qualities, gloss levels, and impact resistance. DMPA is also employed in the creation of urethane elastomers for multi-substrate applications.

The expanding global demand for electrodeposition coatings, notably from the metals production and processing industry, is likely to boost market growth. Electro-deposition enables for low-cost coating production while maintaining high performance standards and increasing the material’s functional qualities. Dimethylolpropionic acid is also commonly utilized in electrical equipment like HVAC systems. As a result, the use of related coatings will drive expansion during the projection period.

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What are the Leading Challenges Faced by Dimethylolpropionic Acid Manufacturers?

On one hand, the niche applications of DMPA have set up very positive expectations for the future of the market. However, manufacturers are expected to face a number of challenges in the near future to consolidate production and distribution operations.

The easy availability of numerous substitutes for DMPA including TME, TMP and DMBA, at relatively lower cost has emerged as a major threat to the growth of the global DMPA market. DMBA which is a tertiary carboxylic acid group and two reactive hydroxyl groups, is similar to DMPA in chemical characteristics.

In recent years, the rising penetration of DMBA in polyurethane dispersion applications has bolstered at adoption at a faster rate as compared to DMPA. This will continue to negatively impact demand for DMPA, which has resulted in some DMPA manufacturers around the world to shut down select operations. Research into widening the scope of applications in addition to strategic pricing will play key roles in the development of the market.

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Dimethylolpropionic Acid Market – Competitive Landscape

Leading manufacturers in the moderately consolidated dimethylolpropionic acid market are focused increasingly on research and development efforts aimed towards portfolio expansion objectives, in addition to extensive efforts towards seeking strategic acquisitions and collaborations in the industry.

In September 2019, CPS Performance Materials announced the acquisition of GEO Specialty Chemicals, which will allow the company to expand its market portfolio, and special chemicals for personal care and nutrition applications.

In April 2021, CD Bioparticles introduced a series of dendrimers, including DMPA-G1-TMP-Azide, DMPA-G1-TMP-Acetylene, DMPA-G1-TMP-NHBOC, and DMPA-G1-TMP-Carboxyl for applications in coatings, theranostics adhesives, biosensors, and optics.

Waters™ leading chromatography data software (CDS), Empower™, with the introduction of Metrohm Ion Chromatograph, for applications in universal software platform, aimed towards faster sample turnaround.

Future Market Insights has also analyzed the following players in the dimethylolpropionic acid market in its detailed report*:

• Geo Specialty Chemicals Inc.
• Perstorp Specialty Chemicals AB
• Henan Tianfu Chemical Co. Ltd.
• Jiangxi Nancheng Hongdu Chemical Technology Development Co. Ltd.
• Shenzhen Vtolo Chemicals Co., Ltd.

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Dimethylolpropionic Acid (DMPA) Market Key Segments

Product Type
• Polyurethane dispersion
• Resins
• Powder Coating
• Electrodeposition Coatings

Application
• Adhesive
• Glass fiber sizing
• Automotive Topcoat
• Wood Finishing
• Others

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Water Treatment Polymers Market Forecast to 2031 Top Players Solenis, Ecolab Inc., Kemira Oyj

The increasing use of water treatment polymers in various industries is expected to drive the growth of the water treatment polymers market. According to a new analysis by Future Market Insights (FMI), the market is expected to be worth US$ 3.30 billion by the end of 2031.

Rising demand for continuous water supply from the mining and metals, food and beverage, oil and gas, semiconductor, and pharmaceutical industries, as well as rising demand for potable water supply, are the primary factors driving the worldwide water treatment polymers market.

Increasing consumption of water treatment polymers municipal, and Industrial segments will remain a chief growth driver. Municipal water treatment and industrial water treatment together account for more than three fourth of the market.

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Key Takeaways of water treatment polymers Market Study

  • Driven by application across diverse sectors, the water treatment polymers market will surge at 6.9% CAGR between 2021 and 2031
  • Government initiatives towards ensuring safe water has enabled the U.S. account for dominant 86.5% of North America market in 2021
  • The demand in the U.K. will remain steady, exhibiting 3.6% y-o-y growth in 2021
  • Increasing investment in waste water treatment to drive growth in Germany and France
  • Government initiatives towards curbing air, water, and land pollution to drive growth in Japan and South Korea

“East Asia and South Asia Pacific are gradually recovering from the economic implications of the pandemic. While several end users had to witness setback amid COVID-19, their operations are returning to normalcy since governments are gradually withdrawing restrictions on free movement. Water treatment polymers market players see this as an opportunities to expand their business and regain momentum after a temporary period of lull” said by a FMI analyst.

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Who is Winning?

The global water treatment polymers market can be considered as fairly fragmented. A large number of players account for a small share of the total water treatment polymers market. In order to survive in the market, manufacturers are focusing on long-term contracts with end users for maximizing profits and ensuring continuous revenue flow.

Key market participants including Suez Water Technologies and Solutions, Solenis, Ecolab Inc., Kemira Oyj, Thermax Limited, Chemigate ltd., Alken-Murray Corporation, Aries Chemical Inc., Chemco Products Inc., CHEM.ENGI s.r.o., SNF Group, Accepta Water Treatment products Co., Beackart Environmental Inc., Pentair, Dow Chemical Company, and ShanDong XinTai Water Treatment Technology Co. Ltd. are focusing on increasing their share in global market by entering into strategic acquisitions with local and regional players.

Water Treatment Polymers Market by category

Product Type

  • Polyacrylamides
  • Polyacrylates
  • Quaternary Ammonium Polymers
  • Polyamines

Application

  • Preliminary Treatment
  • Water Treatment
  • Sludge Treatment

End-Use

  • Residential Buildings
  • Commercial Buildings
  • Municipality
  • Industrial

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

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Future Market Insights has published a market research report on the Water Treatment Polymers market that contains global, regional, and 20+ countries’ industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the Water Treatment Polymers market through four different segments- product type, application, end use and region. The Water Treatment Polymer market report further provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market along with a detailed overview of the parent market.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Firearm Lubricants Market Size & Industry Trends Report for 2031

The global firearm lubricants market is predicted to reach US$ 523.8 Mn by 2031, according to a report by Future Market Insights (FMI). The Asia-Pacific region has been highlighted as a promising market for weapon lubricants. It is likely to continue growing rapidly, supported by rising demand from nations such as India and China.

This notion is supported by the fact that countries such as India, China, and Israel are investing heavily in their defence sectors. According to FMI, the military and defence sector accounts for more than 60% of global revenues. The market is expected to experience a shift from mineral-based lubricants to bio lubricants due to their superior features and environmentally benign nature, particularly in the military industry.

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Key Takeaways of Global Firearm Lubricants Market Study

  • The global firearm lubricants market is estimated to expand at a CAGR of 2.5% by during the forecast period of 2021-2031
  • The U.S. is expected to account for over 85% of firearms lubricants sold in North America in 2021
  • The U.K. market will continue exhibiting a moderate Y-o-Y growth at 1.6% in 2021
  • The demand from Germany and France will remain positive through the forecast period
  • China will continue leading sales in East Asia

 “Growing demand from military & defense industry is expected to drive the firearm lubricants market through the forecast period 2021-2031. Companies operating in the market are focusing on expansion of their footprint especially in emerging countries with strong military infrastructure,” says an FMI Analyst.

The global firearm lubricants market is expected to gain considerably from increasing demand from military & defense industry. Manufacturers in the firearm lubricants market are focusing on capitalizing on opportunities in Asia. Increasing security threats across several countries give tailwinds to growth recorded in the region.

Expansion of distributors & trade partners across developing regions is intended at creating a strong footprint. India, China, Russia, the U.S., Israel, among other countries are providing ample opportunities for firearm lubricants market.

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Who is winning?

The global firearm lubricants market has been forecast to witness an influx of regional level manufacturers. The Tier 3 manufacturers account for maximum share in the global market. Some leading players included in the report are Lucas Oil Products, Inc, ITW-ROCOL, L&R Ultrasonics, Amsoil Inc, MPT Industries, G96 Products Inc., Radco Industries, Inc., Pacific Specialty Oils, Ballistol and Tier 3 manufacturers such as Clenzoil Unlimited, Taurus Petroleum Pvt. Ltd., and many regional players’ manufacturers across the globe are anticipated to create tough competitive environment on the global level.

Firearm Lubricants Market

By Type

  • Synthetic
  • Mineral Oil
  • Bio Based
  • Blended

By Form

  • Oils
  • Aerosol Spray
  • Grease
  • Other Fluid

By Application

  • Guns & Pistols
  • Tanks & Armored Vehicles

By End-use

  • Military & Defense
  • Police & Private Security
  • Individuals

By Region

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

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Want to Know More?

Future Market Insights has published a market research report on the Global Firearm Lubricants Market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides in depth analysis of the Global Firearm Lubricants Market through different segments, namely by type, by form, application, end-use and region. The Global Firearm Lubricants Market report also provides supply and demand trends, along with an overview of the parent market.

Future Market Insights Inc. is Knowledge Partner at Gulf Coatings Show, Sharjah, 17-19 October 2022 where we will be launching our Market Report ‘Coatings 2022: State of the Industry in Middle East’, Register to receive a digital copy of the Market Report and to join our content sessions.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
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Smart Cattle Market Detailed Analysis of Current Industry Figures with Forecasts Growth 2028

The advent of Internet of Things has connected every person on the planet and the technology is now moving towards connecting animals and objects. IoT has created many opportunities for the agriculture industry, which has led to the development of ‘the internet of cattle’, known as ‘smart cattle’ wherein cattle is attached with sensors that accumulate data and analyze weather the cattle is sick, lost, trapped or deceased.

This technology includes several sensors, including GPS for location tracking, an accelerometer for disease detection and a temperature sensor to determine whether the cattle is dead or alive. With the help of smart cattle, herds can now be connected to the cloud with drones as mobile base stations, which also deliver information through pictures.

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The increasing demand for dairy food products, low availability of farm lands and declining dairy and beef industry are driving the adoption of smart cattle in the market. The high adoption of connected technology for business advantage and investments in research and development and infrastructure are key trends observed in the market. Vendors in the market are developing smart pills, wireless sensors and designing new location technologies to leverage framers from livestock losses.

Smart Cattle Market: Drivers and Restraints

Smart cattle enable sensors to detect if cattle are dead or not because dead cattle can spread disease to other animals. This helps farmers to bring efficiency in their agriculture business by saving other animals from any injury. Also, the pictures clicked through drones can provide information about the herd such as the quality of pasture grass or the number of newly born calves. The efficiency achieved in agriculture business in terms of information and time is driving the adoption of smart cattle in the market.

Lack of skilled labor in the agriculture and farming industry and the high cost of investment in new technology hinder the growth of the smart cattle market. Unfamiliarity of new technology is further hampering the adoption of new technologies.

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Smart Cattle Market: Competitive Landscape

Key players in the market include BT Group, Vital Herd, Inc., PTC, True North Technologies, DairyMaster, Moocall Ltd., AfiMilk, Ltd., AgVis, SCR Dairy and Microsoft Corporation

Regional Overview

Europe is expected to be the largest market for smart cattle. Majority of smart cattle vendors such as Moocall Ltd. and AgVis are based in Europe. This can be attributed to the highly developed dairy and agriculture industries in the region. The market in North America and SEA and other APAC regions is expected to witness growth as well.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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Smart Cattle Market: Segmentation

Segmentation of the smart cattle market on the basis of components:

  • Heat Sensors
  • Temperature Sensors
  • Motion Sensor
  • Drones
  • Base Stations
  • Others

Segmentation of the smart cattle market on the basis of deployment:

  • Cloud
  • On-Premise

About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years

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Cold Plates Market o grow at a rate of 5.3% by 2030 | Get Customized Reports

Cold plate market demand is quickly increasing in response to the increasing application of chilled liquid systems designed with cold plates rather than forced air cooling systems. According to Future Market Insights (FMI), the worldwide cold plates market is predicted to develop at a 5.3% CAGR from 2022 to 2030.

The increased emphasis on tiny electronics components is propelling the global cold plates market forward.

Despite being damaged by the new coronavirus outbreak, which resulted in the closure of manufacturing facilities, a shortage of raw materials and personnel, a drop in demand, and other factors, the market has a significant potential to thrive.

As the cold plates market is expanding across the world creating huge scope for the market players, top companies such as BOYD Corporation, Telerex, Wieland Microcool, Cofan USA Inc., and others have started adopting strategic ways to utilize the opportunities.

The FMI report offers a detailed analysis of the global cold plates market, its growth, scopes and potential during the forecast period.

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Some of the key takeaways from the report are highlighted below-

  • The global cold plates market is expected to grow by 5.3% CAGR during the forecast period from the year 2022 to 2030
  • Exclusive features of cold plates such as minimizing noise effects, reliability, adaptability to wide ranges of temperature and others are forecast to market growth
  • Introduction to highly efficient customized products is projected to steer cold plates market demand throughout the forecast period
  • Surge in miniaturized electronics components used in diverse range of products is expected to propel the lightweight and higher fin density cold plates market growth.
  • Growing inclination towards advanced liquid-cooled thermal solutions is anticipated to spur the market demand all over the world
  • High-powered electronics will sustain as the leading applications of the market
  • Region-wise North America, followed by Latin America and Europe will dominate the global market
  • Growth in semiconductor and electronics industry will cater to the market growth in the coming years

“Surge in miniaturized electronics component and increasing inclination towards liquid-cooled thermal solutions is anticipated to propel the global cold plates market growth during the forecast period from the year 2020 to 2030.”- says an FMI analyst.

Surge in Liquid-Cooled Thermal Solutions Demand Driving Growth

The modern day technology needs smaller microprocessors to operate, which results in excessive power consumption, rising heat flux and other issues. Due to these cons the circuit designers need to develop more efficient system which are more expensive and less attractive in terms of usage flexibility.

As the requirement of liquid-cooled solutions have been increasing rapidly, various industries such as high power electronics developers, motor devices manufacturers, automotive components developers and others are opting for affordable options. As a result the demand for advanced cold plates is increasing worldwide.

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New-age Technologies Aiding Expansion

The advancement in technologies coupled with the increase in light-weight and affordable equipment demand in various applications such as, lasers, military equipment, medical equipment and others are boosting the global market growth.

The modern-age cold plates are suitable to be used as light-weighted system components with high performing capability. As the cold plates help in achieving better coefficient of temperature expansion (CTE), it is widely preferred among the diverse end users.

Due to their high thermal conductivity and compact design, cold plates market demand is anticipating further surge in growth in the coming years.

Sluggish Growth Likely Due to COVID-19

The COVID-19 pandemic brought the cold plates market to a stand-still for some time. Restraining factors such as hampered supply chain management, nonoperational manufacturing units due to lock down and others have resulted in decline in the market growth during the current year.

As more people are getting inclined towards consuming more essential products, the global market is experiencing less demand for various cold plates applications such as, motor devices, wind turbines and others. In the other hand the increased demand for medical equipment has worked in favor of cold plates market.

Despite of facing a few issues due to COVID-19, the cold plates market is anticipated to exhibit continuous growth during the forecast period from year 2022 to 2030.

Who is winning?

Due to the surging demand for cold plates from the various end-user industries such as high powered electronics equipment developers, medical equipment developers and others, the market is expected to experience acceleration in growth.

The key market players such as, Parker Hannifin Corporation, Columbia-Staver Limited, Wieland Microcool, BOYD Corporation, Cofan USA, Inc., and others have started taking innovative approaches to dominate the market.

For instance, the key market player BOYD Corporation has brought their new ranges of thermal solutions with special emphasis on liquid cold plates with the feature of removing heat from high heat load surfaces for cooling in a complete liquid system.

Parker Hannifin Corporation has launched their new set of thermal and power management products with the availability of diverse ranges of cold plates such as THERM-A_GAP HCS10 thermally conductive gap filler pads, CHO-THERM Thermally conductive electrical insulator pads and others.

Cofan USA, Inc. has released their exclusive thermal stimulation with the latest software to handle complex CFD stimulations and CAD modelling utilizing the best of the benefits of cold plates.

As the global market is anticipated to witness further growth in the coming years, the competitive market players are investing heavily to lead the market.

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More Valuable Insights on Cold Plates Market

The Future Market Insights report offers an in-depth research and unbiased analysis of the global cold plates market, providing historical data for period of 2015-2021 and forecast statistics for the period of 2022-2030. To understand and utilize the market potential, the cold plates market is segmented on the basis of product (stir welded cold plate, press locked cold plate, vacuum brazed cold plate, rolled tube cold plate, exposed tube cold plate, vortex cold plate, die cast cold plate, other customized cold plates), and application/end-user industry (high powered electronics, wind turbines, medical equipment, IGBT modules, motor devices, lasers, automotive components, military equipment, laboratory plates) across six major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA).

Future Market Insights Inc. is Knowledge Partner at Gulf Coatings Show, Sharjah, 17-19 October 2022 where we will be launching our Market Report ‘Coatings 2022: State of the Industry in Middle East’, Register to receive a digital copy of the Market Report and to join our content sessions.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Tinted Glass Market: Top Trends and industry overview to watch for in 2030

The impact of the coronavirus pandemic has considerably slowed the growth of the global market for tinted glass in 2020. Restrictions on construction activity and automotive production, as well as changes in consumer behaviour, such as increasing purchases of necessities, have restricted the tinted glass market’s short-term growth potential.

According to Future Market Insights’ tinted glass market research, global revenues are estimated to grow at a 6.7% CAGR between 2022 and 2030. According to its most recent research, the industry would be boosted by the inclusion of smart glass technology and significant expenditures in the commercial real estate sector.

The tint glass sector is expected to display healthy growth throughout the assessment period, with the adoption of smart glass and laminate tech, and the widespread use of glass for aesthetics in construction.

On the other hand, volatility of raw material supplies and prices, and strict laws against the use of tinted glass, especially on automobiles could potentially hinder market growth in the long term.

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The report published by FMI encompasses an exhaustive overview of the market, covering essential dynamics of the tinted glass industry. Some key takeaways include:

  • The tinted glass market size was valued at over 18.5 billion in 2019, with growth diminishing substantially during the coronavirus pandemic, owing to lockdown restrictions on the global automotive and construction sectors.
  • Building and construction industry applications of tint glass are major contributors to market revenues, supported by demand for glass facades in commercial construction, in addition to favourable government regulations on energy efficient construction technologies.
  • Tint glass products with 6mm thickness is reflecting substantially higher tinted glass market share in comparison to 3mm, 4mm, and 5mm, 8 mm 10mm, and 12mm options. However, 8- and 10mm products are also expected to display a sharp rise through 2030.
  • East Asia will remain a prominent market for tint glass, with lucrative opportunities arising from the major automotive production facilities in the region. Also, the establishment of tint glass production facilities by international players, to leverage low labour costs will benefit the market.

Covid-19 Effect on Tint Glass Market

The rapid spread of the coronavirus pandemic coupled with the resultant lockdown regulations imposed by governments has had a largely adverse impact on the tint glass market. Consumers are more inclined to focus their disposable incomes towards essential commodities, reducing short term demand.

Further, the lockdown restrictions on the manufacturing, automotive and construction sectors have had a significant impact on vehicle production and building activities further limiting demand. The tinted glass industry also continues to face challenges from the tariff wars between the US and China, which compounds the effects of the pandemic.

However, the market is likely to display a steady recovery towards 2021, as restrictions by governments are relaxed with the objective of limiting the strain on national and global economies gains importance.

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Who is Winning?

In a new report, Future Market Insights has provided detailed analysis of the varied business strategies being used by participants in the tint glass market. Leading players are largely focused on investing their resources towards strategic collaborations and product launches to consolidate position in a fairly fragmented landscape and to expand their portfolios.

Some of the more important players in the tint glass market include AGC Inc., Saint Gobain, Vitro, Guardian Glass LLC, Xinyi Glass Holding Ltd., Kinestral Technologies Inc., and Qingdao Vatti Glass Co. Ltd., among others.

Tinted Glass Market – Key Segments

Color

  • Bronze
  • Grey
  • Blue
  • Green
  • Others

Application

  • Buildings
  • Automotive
  • Furniture & Crafts

Design

  • Single Glazed
  • Double Glazed

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Future Market Insights Inc. is Knowledge Partner at Gulf Coatings Show, Sharjah, 17-19 October 2022 where we will be launching our Market Report ‘Coatings 2022: State of the Industry in Middle East’, Register to receive a digital copy of the Market Report and to join our content sessions.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Plot No: JLT-PH2-X2A
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